June 1, 2012 § 22 Comments
LONG TIME AWAY, I was having withdrawals.
Unfortunately I don’t have a whole lot of images to share with you, house related at least. I have a whole bunch from San Diego and Las Vegas… that’s not really what this is about though. I do have one:
This was how my amazing family protected my house while we went on our trip. I was working late prior to the trip, they looked at the weather and it was going to rain while we were away so they got out the ‘big-ass’ tarp and covered it up in hurricane style winds, AFTER long days of working themselves. Thank you guys! Great peace of mind for our little vaca.
So I have actually gotten more done since this picture, I had a great work day last night, finished wrapping, got a good portion done on the roof, will hopefully finish that up tonight. It was far too dark outside by the end of the day to get any images though. I will get some ASAP and post that. I also have two doors sitting in the back of the truck ready to be installed, tonight should be another great work night!
Since I don’t have much to update on with the actual build I thought I should update on some financials (not relating to the tiny house exactly, though I did recently update my budget!). Some of you who know me know the story but you may not know the conclusion, for others, here is the run down. Five years ago I got married to a ‘not-so-upstanding’ individual, 4 years ago I got divorced and have been battling BofA (formally Countrywide) on my house every since. It is actually closer to four and a half years. Ultimately the house foreclosed (which is actually a terribly good thing and has contributed a lot to my little project here, I’m SO lucky none of the short sales went through!). Anyway, I have been battling that for years and years and as of last Tuesday IT IS OVER!!!! I had a lawsuit against me from the HOA that I was able to settle on. This is a VERY condensed version of the miserable hell that that whole thing was BUT, now that it is over I have been excited to focus more on my finances again. Because of complications with that whole thing I was not able to to be as aggressive and strategic as I otherwise enjoy, financially at least. So here are some lofty goals that I feel are pretty attainable.
Oh, by the way, I found this little article through the Tiny Tack House’s facebook page (now available from my ‘helpful links’ tab). That has almost no bearing on my little plans but it is a very cool little document and can certainly help me achieve my financial goals, even if that isn’t the point.
Ok, so a new life goal based out of my struggles with BofA is to never borrow money from a banking institution ever again. I’ve been through that, I see that its very one sided, in my head it doesn’t even seem smart anymore. It did at the time, I would rather be a renter though the rest of my life than borrow money (from a bank) ever again, and we all know how much renting sucks! That being said there is nothing quite like being a home owner. This tiny house I am building won’t fit the family I want someday so I have other plans… for ‘eventually’. I’m not really a person that leaves ‘eventually’ to work itself out though, I am a planner. If I want to be a homeowner, lets say by the time I’m 35 AND without the ‘help’ of a bank that planning starts now. I’m not sure how comfy I am putting all of my financials out on the internet for the world to see, I mean I’m not opposed to letting people know the specifics of my strategy but I’m going to go ahead and let you all ask if you want to know more details. In short though I have a pretty aggressive but very feasible plan that, I think, will allow me to save $100,000 cash within the next five and a half years with still maintaining a pretty enjoyable life.
Basically by the time I am 34 I should have that much cash (I believe it’s possible for me to have more, but I am staying reasonable). Now life tends to happen and things change but this is my starting point goal. Hopefully I will meet some handsome, intelligent stranger in the meantime to start a life with and all that jazz but there is no sense on having the ‘meeting of the stranger’ be the goal… (And I have realized I use my tiny house and peoples’ reaction to it as a standard of attraction. I mean if you can’t handle this aspect of me then how the heck can you deal with the rest of my crazy self ;-). So, after this time, when I am 34ish I buy a rental property (by my experience and my guesstimate the economy will still be in the crapper by then and it is pretty reasonable to be able to buy a pretty decent rental property in Boise for 100K), either with a lot large enough to house my tiny house or a duplex. That would give me equity and additional income. I may not live in the area by that time, most likely won’t, but this property could be anywhere or it could stay in Boise, that’s not really the point (there are obviously a lot of factors that will need worked out AFTER the cash is in hand, this is just a rough outline…). Once that’s rolling along it all rolls a lot quicker. I have had in my head the design of my ‘real’ dream house. It is a strawbale/rammed earth house that I have designed, about 1,200 square feet (that will irk some other tiny housers I’m sure but hey, I’m an efficiency designer, not a magician. Pretty sure I’ll need more space for a couple kids… that house is a little more my style for the long term). This tiny house is COMPLETELY suited to my life now and for the next several years. And will make one hell of a family cabin down the line.
Anyway, rambling. I have some more stuff to get outlined more precisely on my financial plan (I was however surprised to see that the highest interest rate I could find at a bank/credit union was only at 3.01% and is my own current checking account, I was looking into 5 year CDs and everything, nothing even compared. Does anyone know of a high interest online bank by chance? or any other options?). I have plans of this dream home of mine that I am excited about that I will probably share at some point in time, I’ll go ahead and focus on this tiny house for now. It’s sure exciting to be able to plan my financials again though!
Screw you BofA!! (just had to throw that in there ;-))